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The graph shows a long -run aggregate supply curve and a short -run aggregate supply curve . Draw an arrow along one of the curves
The graph shows a long -run aggregate supply curve and a short -run aggregate supply curve . Draw an arrow along one of the curves that illustrates a rise in the price level when the money wage rate remains unchanged. Label it 1. Draw an arrow along one of the curves that illustrates a rise in the price level accompanied by the same percentage rise in the money wage rate . Label it 2.
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